The global metal foam market is growing at a considerable CAGR of around 5.4% during the forecast period. The global metal foam market has experienced growth in previous years, due to the vast application expanse of this material in various sectors such as automotive, aerospace, construction, and healthcare. The properties of metal foams offer such as impact resistance, lightweight, sound absorption, and high porosity, have considerably increased the metal foam market size in the given forecast period. The major factors driving the growth of the global metal foam market include the primary functions of metallic foams in vehicles, in military application to combat the impact of IEDs. For instance, the metal foam-filled tubes could be used as anti-intrusion bars. Additionally, metal foam is used in the building, and construction sector due to the increasing urbanization, and population, the construction industry has experienced growth, the properties of metal foam such as high stability and low weight make it suitable for lightweight construction. The rapid technological development and increasing demand for lightweight structural materials in the healthcare industry further derive the market growth. Moreover, the high cost of metal foam as compared with alternatives available will hinder the market growth.
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The market is segmented based on product type, material type, application, and end-user industry. Based on product type, the market is segmented into closed-cell metal foams, open-cell metal foams, stochastic metal foams. Based on material type, the market is segmented into aluminum foams, magnesium foams, nickel foams, copper foams, others. by application, the market is segmented into anti-intrusion bars, heat exchangers, sound absorbers, electrochemical applications, medical laser applications. Based on end-users the market is segmented into transportation, construction industry, biomedical industry, consumer goods industry, and others.
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The global metal foams market is analyzed based on the geographical regions that are contributing significantly towards the growth of the market. Based on the geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific region held a considerable share in 2020 in the global metal foams market. Some factors that are boosting the market growth in Asia-Pacific include increased demand for metal foam with growing automotive industry in emerging economies such as China, and India is projected to drive the demand for metal foam in the region. The key players of metal foams industries are in the Asia-Pacific. The government initiatives are also contributing to the growth of the market such as the government of India inventiveness flagship scheme “PMAY” targets to build around 20 million urban homes, and around 30 million houses by 2022, Housing for all, Smart cities are fueling the growth of the Infrastructure and construction development and that is the major factor driving the growth of the metal foams market in the region.
Global Metal Foams Market – Segmentation
By Product Type
Closed Cell Metal Foams
Open Cell Metal Foams
Stochastic Metal Foam
By Material Type
Aluminum Foams
Magnesium Foams
Nickel Foams
Copper Foams
Others
By Application
Anti-Intrusion Bars
Heat Exchangers
Sound Absorbers
Electro-Chemical Application
Medical Laser Application
By End-Users
Transportation
Automotive Industry
Aerospace Industry
Railways
Construction Industry
Biomedical Industry
Consumer Goods Industry
Others (Military)
Global Metal Foams Market – Segmentation by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Company Profiles
American Elements
Alantum Corp.
AluinventZrt
Alveotec
Armacell International SA
BASF SE
CVMR Corp.
Erg Aerospace Corp.
Evonik Industries AG
Freund GmbH
Granta Design
K.R. Reynolds Company
Liaoning Rontec Advanced Material Technology Co., Ltd
Mitshubshi Materials Corp.
Nanoshel LLC
Recemat BV
Rogers Corp.
Sabic Innovative Plastics
SELEE Corp.
Shanghai Zhonghui Foams Aluminum Co. Ltd.
Shanxi PutaiAluminium Foam Manufacturing Co., Ltd.
Shape Change Technologies LLC
Spectra-Mat, Inc.
Stylepark AG
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